iShares MSCI Spain ETF (NYSEARCA:EWP) Short Interest Down 86.6% in June

iShares MSCI Spain ETF (NYSEARCA:EWP) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 297,817 shares, a drop of 86.6% from the May 31st total of 2,227,769 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 328,342 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of iShares MSCI Spain ETF

Several institutional investors have recently made changes to their positions in EWP. Hsbc Holdings PLC raised its holdings in shares of iShares MSCI Spain ETF by 1.7% during the fourth quarter. Hsbc Holdings PLC now owns 4,837,546 shares of the exchange traded fund’s stock worth $260,792,000 after acquiring an additional 82,833 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in iShares MSCI Spain ETF during the fourth quarter valued at $101,057,000. Bank of Montreal Can purchased a new position in iShares MSCI Spain ETF in the fourth quarter valued at about $43,669,000. Schroder Investment Management Group increased its position in iShares MSCI Spain ETF by 3,000.0% in the 4th quarter. Schroder Investment Management Group now owns 527,000 shares of the exchange traded fund’s stock worth $28,516,000 after purchasing an additional 510,000 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new position in iShares MSCI Spain ETF in the 4th quarter worth about $25,370,000. 38.17% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Spain ETF Price Performance

NYSEARCA EWP traded down $0.06 on Friday, reaching $58.74. The company had a trading volume of 38,101 shares, compared to its average volume of 548,583. The firm has a market capitalization of $1.95 billion, a PE ratio of 10.89 and a beta of 0.67. The firm has a 50-day moving average of $57.29 and a 200-day moving average of $55.69. iShares MSCI Spain ETF has a 1 year low of $43.45 and a 1 year high of $59.88.

About iShares MSCI Spain ETF

iShares MSCI Spain Capped ETF, formerly iShares MSCI Spain Index Fund, is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Spanish market, as measured by the MSCI Spain Index (the Index). The Index seeks to measure the performance of the Spanish equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.